L&T Infrastructure Development Projects (L&T IDPL) today said it has achieved financial closure for two of its road projects in Maharashtra.

The financial closure for the projects, which will be funded by an ICICI Bank-led consortium, was achieved on November 30, the company said in a statement.

The projects involve four laning of contiguous stretches on NH-6 including Amravati to Jalgaon (275 km) and Jalgaon to Gujarat-Maharashtra border (209 km), on design, build, finance, operate and transfer (DBFOT) basis, it said.

The estimated cost of the projects are Rs 2,537.81 crore for the Amravati-Jalgaon stretch and Rs 1,968.37 crore for the Jalgaon to Gujarat-Maharashtra border stretch.

The concession period for the Amravati-Jalgaon and the Jalgaon to Gujarat-Maharashtra projects are 19 years and 20 years, respectively, which includes the construction period of 2.5 years, the release said.

Both the projects are a part of the east-west connector, linking hubs of economic activity in Gujarat and Maharashtra to the mineral-rich states of Odisha and Chhattisgarh, it said.

L&T IDPL has been a major player in public private partnership (PPP) projects with interests in roads and bridges, ports, metro rail and emerging sectors such as transmission lines, water and railways.

L&T IDPL achieves financial closure for 2 projects in Maha

The projects involve four laning of stretches on NH-6 including Amravati to Jalgaon and Jalgaon to Gujarat-Maha border

L&T Infrastructure Development Projects (L&T IDPL) today said it has achieved financial closure for two of its road projects in Maharashtra.

L&T Infrastructure Development Projects (L&T IDPL) today said it has achieved financial closure for two of its road projects in Maharashtra.

The financial closure for the projects, which will be funded by an ICICI Bank-led consortium, was achieved on November 30, the company said in a statement.

The projects involve four laning of contiguous stretches on NH-6 including Amravati to Jalgaon (275 km) and Jalgaon to Gujarat-Maharashtra border (209 km), on design, build, finance, operate and transfer (DBFOT) basis, it said.

The estimated cost of the projects are Rs 2,537.81 crore for the Amravati-Jalgaon stretch and Rs 1,968.37 crore for the Jalgaon to Gujarat-Maharashtra border stretch.

The concession period for the Amravati-Jalgaon and the Jalgaon to Gujarat-Maharashtra projects are 19 years and 20 years, respectively, which includes the construction period of 2.5 years, the release said.

Both the projects are a part of the east-west connector, linking hubs of economic activity in Gujarat and Maharashtra to the mineral-rich states of Odisha and Chhattisgarh, it said.

L&T IDPL has been a major player in public private partnership (PPP) projects with interests in roads and bridges, ports, metro rail and emerging sectors such as transmission lines, water and railways.